from MacroScope:

Greek money seems close to running out

By Mike Peacock
May 25, 2015

Greece's PM Tsipras, Malta's PM Muscat, EU Commission President Juncker and France's President Hollande attend an EU leaders summit in Brussels

The smart money has always been on a last-minute deal being done to keep Greece afloat with Athens making most of the concessions and the euro zone and IMF bending only a little. But the chances of a car crash are growing as each day passes.

from MacroScope:

Tsipras gets no leeway in Riga

By Mike Peacock
May 22, 2015

Latvian President Berzins welcomes Greek Prime Minister Tsipras at the Eastern Partnership Summit in Riga

The Greek government states that a cash-for-reforms deal with the EU and IMF can be finalized in the next 10 days but the other side is much less optimistic and there was no sign of a breakthrough at the EU summit in Riga which Prime Minister Alexis Tsipras had been pinning some hope on.

from MacroScope:

Will Tsipras spring something in Riga?

By Mike Peacock
May 21, 2015

Greece's PM Tsipras, Malta's PM Muscat, EU Commission President Juncker and France's President Hollande attend an EU leaders summit in BrusselsGreek premier Alexis Tsipras is pinning his hopes on using an EU leaders summit in Riga with eastern European partners from Ukraine, Georgia, Azerbaijan and others to strike the broad outline of a cash-for-reforms deal to stave off default.

from MacroScope:

More Greek talks, Riga summit unlikely to be decisive

By Mike Peacock
May 20, 2015

German Chancellor Merkel and Greek Prime Minister Tsipras leave after addressing news conference in Berlin

Greece's European lenders have played down hopes of a swift end to aid negotiations and said talks must speed up before the country runs out of cash. That contrasted sharply with optimism in Athens where a series of top officials asserted that a deal was just days away.

from MacroScope:

David Cameron’s stick or twist dilemma

By Mike Peacock
April 27, 2015

Britain's opposition Labour Party leader Ed Miliband speaks at an election campaign event in north London

To a collective sigh of relief, Britain’s political parties enter their last full of week of campaigning ahead of May 7 elections. There have been endless talking points but as yet no turning point.

from MacroScope:

No Greek deal in Riga but glimmers of convergence

By Mike Peacock
April 24, 2015

Greek Finance Minister Varoufakis attends a parliamentary session in Athens

We’ve been saying it for a week or more and it’s now confirmed – the lack of an economic reform programme forthcoming from Athens means today’s meeting of euro zone finance ministers in Riga can achieve no breakthrough despite glimmers of the two sides moving closer.

from MacroScope:

EU thinks again on Mediterranean operations

By Mike Peacock
April 23, 2015

Amnesty International volunteers place hundreds of ships with the writing "SOS Europe" on the beach of San Sebastian in Barcelona

EU leaders will hold an emergency summit in Brussels in response to a grimly increasing death toll among migrants trying to cross the Mediterranean from north Africa in search of a better life.

from MacroScope:

Change in Nigeria?

By Mike Peacock
March 31, 2015

All Progressives Congresses presidential candidate and Nigeria's former military ruler Muhammodu Buhari addresses a news conference outside his house after he voted in Daura

A result in Nigeria’s close-fought election is due to be announced later. With votes from only six of 36 states uncounted, opposition contender Muhammadu Buhari has a lead of over 2.5 million votes over President Goodluck Jonathan.

from MacroScope:

Greek plan – a detailed programme or vague list of ideas?

By Mike Peacock
March 30, 2015

German Chancellor Merkel and Greek Prime Minister Tsipras leave after addressing news conference in Berlin

The Greek government has sent a reform package to its EU and International Monetary Fund creditors, hoping it will unlock desperately needed funds to stave off bankruptcy.

from MacroScope:

Currency concerns everywhere

By Mike Peacock
March 24, 2015

A bureau de change operator counts U.S. currency notes in Abuja

Currency concerns in the central banking world have come to the fore again.

Sweden cut interest rates further into negative territory out of the blue last week, fearing its strong currency will engender deflation. The Swiss National Bank said it would aim to weaken what it sees as a "significantly overvalued" franc. And the Bank of England flagged the risk that sterling could strengthen further and leave inflation below target for longer.